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An Update On The "March Banking Panic" | Weekly Round Up

Inflection Point

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The Debt Ceiling and the Rush for Safe Collateral

I think the debt ceiling argument definitely could be causing it and it could be causing a large percentage of it. In other words the rush for safe collateral is not because of the banking crisis, the banking tremor, but because of the debt ceiling. It's not looking great I don't think it's a 2008 type moment. The only thing we can say is that it's not positive. All right, with that rosy prediction Jack I think we can we can end it.

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